Alabama personal income tax – There’s no business like Horse business! Department of Revenue allows deductions for expenses relating to horse farms

Two Final Orders from the Alabama Department of Revenue, Administrative Law Division, in June addressed the propriety of deductions for horse farm expenses for income tax purposes. In both cases, the taxpayers prevailed and were permitted the deductions for "ordinary and necessary expenses incurred in a trade or … [Read more...]

“Same” is in the eye of the Indiana Board of Tax Review: Update on the 5% burden-shifting rule for property tax appeals

When is real property the “same” from year-to-year?  As I have discussed before, in 2011 the Indiana General Assembly passed legislation that shifts the burden of proof on appeal to the assessor, when the "same" property's assessment increased by more than 5% over the prior year’s … [Read more...]

Indiana Department of Revenue issues Notice of Intent to Adopt a Rule: Department seeks to repeal obsolete rules for various taxes

The Indiana Department of Revenue has published its intent to repeal numerous regulations from a variety of tax types.  See http://1.usa.gov/PmeeXc.  The Department states, "The proposed rule repeals non-operative provisions from the administrative code and represents technical amendments … [Read more...]

Indiana Department of Revenue Announces New Director of Tax Policy

The Indiana Department of Revenue issued the following press release yesterday, see http://www.in.gov/dor/4682.htm: (INDIANAPOLIS – July 17, 2012) – The Indiana Department of Revenue announced Shane Corbin as the new deputy director of tax policy. Corbin has been with the Department since 2008. Corbin … [Read more...]

The Quarter Quelled: Homeowners’ constructive use of entire residence during the property’s conversion entitled Owners to a 100% (not 25%) standard deduction for the property. But Owners lost battle to apply 1% “tax cap” to entire property.

The Indiana Board of Tax Review was catching fire in a June 26, 2012, final determination.  In Marzolf v. Allen County Assessor, Petition No. 02-074-09-3-5-01307 (see http://1.usa.gov/NCYobe), the homeowners fought successfully to increase the standard deduction applied to their home's assessment … [Read more...]

A “Fair Way” to Tax the “Fairway” on Independence Day? Department of Local Government Finance declares new proposed rule for the assessment of Indiana golf courses using the income capitalization approach.

July 4, 2012 was a day to celebrate our nation's declaration of its birth, and it also was the day for the "declaration" of a new property tax assessment rule for Indiana golf courses.   Starting in 2010, Indiana golf courses were required to be assessed using the … [Read more...]